The AUDUSD has burst lower on the daily price action chart and has now broken through the most recent swing point. Price had found support and bounced higher for three days, but price has since crashed lower and back through support. This new bearish momentum was kicked off from a large bearish …
Using Your Gut & Subconscious Mind to be a Successful Forex Trader
Practicing To Be the Best A lot of traders start off into their trading and fall into the trap of trading anything and everything which we all know is of course called “over trading”. Whilst this is easy to spot, this is far harder to stop and the major problem with this is that every time you …
NZDCHF Fires Off a Solid False Break Bearish Engulfing Bar | 8th Nov 2013
The NZDCHF has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB has a very long wick on it that is protruding up and through the resistance and making a false break. A false break is made when price pushes through a level and snaps back to "fake out" the market to …